10x Vertical Spread Scanner
Scans major liquid names for long debit verticals (bull call, bear put) with structural 10x payoff capacity. A vertical can only 10x if width / entry_debit ≥ 10. Hard floor 10.5, preferred 12.0. Ranked by structural + skew + directional + event/momentum context + executable liquidity. Educational only. See Forward-Factor strategy · Methodology.
Scan config
Default: SPY, QQQ, AAPL, MSFT, NVDA, TSLA, AMZN, META, GOOGL, AMD, COIN, BA, XOM, JPM, WMT...
Cold scan: 60-120s for 15-50 tickers. Cache TTL: 5 min per config. Skew defaults to neutral (ORATS adapter pending). Educational only.
Methodology — why this isn't a probability-of-profit screener
A vertical debit spread cannot pay 10x unless its width divided by entry debit is at least 10. Probability-of-profit screens systematically miss the kind of low-cost, high-convexity setups that occasionally 10x because PoP penalizes wide OTM strikes — which are exactly the structures with the highest ten_x_room.
This scanner instead enforces a hard floor on ten_x_room (default 10.5, preferred 12.0), then ranks survivors by a weighted composite of: structural capacity, skew relative value (vs the same underlying's own history), directional alignment (SMA20/50 + trend ratio), event/momentum context, greeks, and executable liquidity (real bid/ask + size, treating open interest as lagged 1 day).
Read the full spec at /docs/10x-spread-screener/spec.md. See backtest notes for walk-forward methodology.
Critical risk disclosures
- Max loss = debit paid. Most high ten_x_room spreads finish at $0. Hit rate of 10x outcomes is typically 1-5% historically; mean of 0.4-1.0x of debit; median often slightly negative.
- 15-min delayed data. Polygon free-tier delay during market hours. Real fills will be worse than modeled mid + quarter-spread haircut.
- Skew percentile is currently neutral (0.5). ORATS adapter is pending. Once wired, skew_score adds meaningful resolution; without it, structural + directional + greeks carry the signal.
- Event detection uses SEC EDGAR 8-K filings only. Some upcoming binary events (earnings dates not yet announced, FDA decisions without filed PRE-14A) will be missed until announcement.
- Educational only. Not investment advice. Long options expire worthless when wrong on direction or timing.